A new technical analysis by market expert Austin Hilton points to the that could drive XRP to insane price levels. These bullish projections come as XRP . The analysis also outlines how the cryptocurrency could perform through the end of July and what targets it might hit by year-end. 

XRP On Track To $5 By End Of July

In one of his latest video analyses on X (formerly Twitter), Hilton his outlook on where XRP could be heading in the next few weeks. The analyst pointed out that the cryptocurrency’s price trajectory has already accelerated significantly since earlier this week. Over the past 24 days, XRP has also posted an impressive 77% gain, further fueling bullish sentiment. 

Thanks to its these past few days, Hilton notes that XRP is now less than 10% away from reclaiming its , set almost eight years ago. He emphasized that the popular altcoin is currently exceeding expectations, with its price surging well ahead of schedule. 

With showing no signs of slowing down, the analyst predicts that XRP could reach $5 by the end of July. He attributes this potential upswing to strong , combined with rising demand and sustained bullish sentiment as the market enters a new phase of its cycle. 

Backing his forecast, Hilton mentioned the recent . He noted that the cryptocurrency’s market value has surged from around $140 – $150 billion to over $207 billion in just one week. He further credited this influx of capital to , compounded by Fear Of Missing Out (FOMO), driving fresh entries into the market. 

Year-End Forecast Sees XRP Gunning For $20

Looking further out, Hilton has revised his , citing the ongoing strength of XRP’s rally and improving market fundamentals. Initially, when XRP was trading within the $2 range, the analyst had projected a conservative year-end target between $5 and $10, even describing the lower end of that range as extremely modest. However, with the altcoin‘s price now solidly sitting above $3, he sees the potential for a more aggressive push in the months ahead.

His updated outlook includes a baseline target of $10, which he now views as the low end of his bullish possibilities. On the higher end, he sees $15 as a realistic stretch target, and a run to $20 as a before the year ends. 

Several factors have been suggested as potential catalysts for this optimistic prediction, including XRP’s rising market capitalization, anticipation of a , and the long-awaited resolution and settlement of the . Hilton has suggested all these factors are aligning to place XRP in a prime position for an explosive rally this year. 

Featured image from Pexels, chart from TradingView